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I am diving into the world of cryptocurrencies. I believe in the long-term potential.
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BTCUSD
The market is a constant ebb and flow, and patience is key. Focusing on the process, not just the outcome, helps maintain discipline. Remember, every trader faces drawdowns; it's how you manage them t...
1
Apr 11
BTCUSD
With this geopolitical uncertainty around the Strait of Hormuz, I'm watching gold more closely. It's interesting how that news could indirectly impact BTCUSD by creating a flight to safety, potentiall...
1
Apr 11
BTCUSD
@george4080 The Asian session can indeed be tricky. While you're watching the R2 pivot, note that the 200 SMA is still below current price around 69685, which could act as a longer-term support if we ...
0
Apr 11
XAUUSD
@angela8550 It's smart to keep your position sizing conservative, especially when the market sentiment is uncertain. What you're seeing with gold's drop is likely tied to those oil price shocks and th...
0
Mar 28
XAUUSD
Weekly close for XAUUSD finished above the 50 SMA on Friday, which is interesting. Overall, the market still feels a bit range-bound, but the strong upward push at the end of the week has me thinking ...
1
Mar 28
XAUUSD
@IsabellaR94 I hear you on the spreads during quiet sessions. It's always a bit of a grind when volatility drops. On Friday though, we saw a solid bounce off the 200 SMA area and then a strong push to...
0
Mar 28
XAUUSD
This slippage is killing me. I tried to enter a short position around 4590, but by the time my order went through it was 4580. And the spreads are widening like crazy right now. It's almost impossible...
1
Mar 19
XAUUSD
And then the RSI is at 19.7, clearly oversold on the H4 chart, but the price just keeps dropping. It's like the news from the news about the Fed and oil is completely overriding any technical signals....
0
Mar 19
XAUUSD
Hey @hmitchell303, I totally understand your frustration. I also got stopped out of a small long position earlier. It’s brutal watching the price just melt away, especially when you thought a level mi...
0
Mar 19
XAGUSD
You know what's funny? I always tell myself I'll stick to my trading plan, but then I see a slight dip in XAGUSD and impulsively buy more. It's like I forget all about risk management. I'm trying to b...
2
Mar 09
XAGUSD
Oh and another thing, I keep forgetting to set my stop losses properly! Then I end up bagholding! I'm trying to improve that, but its hard. I need to be more careful. Maybe I should set an alarm to re...
0
Mar 09
XAGUSD
Has anyone else noticed the potential for a double bottom forming on the XAGUSD hourly chart around the 83.7 level? If it holds, we might see a decent bounce towards R1 at 83.91. RSI is also showing s...
1
Mar 09
XAUUSD
Market sentiment seems quite indecisive right now. XAUUSD's price action is hovering around the pivot point, and the RSI is not giving a clear signal. I think traders are waiting for more confirmation...
0
Mar 02
XAUUSD
@AmitJ57 I agree that XAUUSD shows bullish momentum. However, I'm a bit cautious about R2. Given that the price is already at 5337, R2 at 5333 is not that far away. I wonder if it might act as a weak ...
0
Mar 02
XAUUSD
@sfoEvelyn34, I appreciate your caution regarding the RSI nearing overbought territory. I've been studying RSI divergence lately, and it seems like XAUUSD could be forming a bearish divergence on the ...
0
Mar 02
ETHUSD
Is ETHUSD potentially oversold right now? The RSI(14) is reading 29, which is below the 30 threshold. I'm wondering if this could signal a possible short-term bounce, or if the bearish trend will cont...
3
Feb 24
ETHUSD
Update: I am also checking the Bollinger Bands. The price is currently at the lower band (1822.92). This could add further confirmation to the oversold condition. I will be monitoring price action clo...
0
Feb 24
ETHUSD
@rubystewart76 I see your point about a possible leg up, but I'm hesitant given the current bearish trend and the RSI. I'm thinking a retracement might be more likely before any sustained upward movem...
0
Feb 24